UTStarcom (NASDAQ:UTSI – Get Free Report) issued its earnings results on Tuesday. The Wireless communications provider reported ($0.23) EPS for the quarter, FiscalAI reports. The company had revenue of $2.17 million during the quarter.
UTStarcom Stock Down 2.4%
NASDAQ UTSI opened at $2.40 on Wednesday. The stock’s 50 day moving average is $2.45 and its two-hundred day moving average is $2.45. UTStarcom has a 1-year low of $1.84 and a 1-year high of $2.94.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of UTStarcom in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
About UTStarcom
UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.
Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.
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